With recent inflation increases and the Fed’s plans to keep raising short-term interest rates to help manage that inflation, some of you may be looking for alternative ways to weather the storm. A Series I Savings Bond may be one option you’re seriously considering if...
Can you believe it? We’re already fully into the second half of 2021, with only five months left. While there’s still time to enjoy the rest of summer, we also encourage you to slow down and do a check-up on your finances. Here’s a great place to start: Ask yourself –...
Knowledgeable investors are aware that investing in the capital markets presents any number of risks, including interest rate risk, company risk, and market risk. Risk is an inseparable companion to the potential for long-term growth. Some of the investment risks we...
In 1920, women fought for the right to vote. In 1974, single and divorced women were finally able to secure a credit card without needing a male cosigner. While we’ve made many strides, Women’s History Month reminds us that there is still a long way to go to ensure...
It’s earnings season again! Now that the new year is in full swing, a majority of publicly traded companies are releasing their quarterly financial reports, and many may go into great detail about their businesses, and some may guide what lies ahead. With so much...
You’re making your list, you’re checking it twice… but it’s not for Christmas. COVID-19 has upended the universe, and the holidays probably won’t be quite the same this year. But one thing’s for sure: the IRS doesn’t flinch, even in a pandemic. So it’s time to get...
While it has narrowed, a notable inequality remains. First, what wage gap are we talking about? There is a commonly cited statistic that American women earn 80 cents for every dollar earned by men. This is true, supported by the U.S. Census Bureau’s 2017...
Created By: Kathleen Kingsbury of Breaking Money Silence Changing a money behavior is challenging and busting through the money talk taboo is no different. Most people need to feel some pain before letting go of an unhealthy habit like money silence… What is the...
This calculator easily answers the question "Given the value of my current investments how much do I need to save each month to reach my retirement goal?"
The user enters their "Current Age", there expected "Retirement Age", the "Annual Interest Rate (ROI)" (annualized Return on Investment one expects to earn) and "Amount Desired At Retirement".
The calculator quickly calculates the required monthly investment amount and creates an investment schedule plus a set of charts that will help the user see the relationship between the amount invested and the return on the investment. The schedule can be copied and pasted to Excel, if desired.
If you need a more advanced "Retirement Calculator" - one that calculates many more unknowns and one that calculates assuming retirement income and not a final lump sum then try the calculator located here: https:/financial-calculators.com/retirement-calculator
Currency and Date Conventions
All calculators will remember your choice. You may also change it at any time.
Clicking "Save changes" will cause the calculator to reload. Your edits will be lost.
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